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November 10, 2017

CALGARY — The cost of looking after hundreds of wells, pipelines and other oilfield gear left behind by bankrupt Lexin Resources Ltd. has exceeded $2 million and the bills continue to roll in, says Alberta’s Orphan Well Association. The association wa… Read More ➝

November 9, 2017

CALGARY — Suncor Energy has named Mark Little as chief operating officer at the oilsands giant, shifting him from his current role as president of upstream operations. The company says he will be responsible for all operations and many of its corporat… Read More ➝

November 9, 2017

CALGARY — TransCanada Corp. said Thursday it received broad interest for space on its Keystone XL pipeline, with a final investment decision on the project possibly weeks away. The company (TSX:TRP) closed an extended bidding window for space on the p… Read More ➝

November 9, 2017

OTTAWA — The Supreme Court of Canada will hear an appeal from Alberta’s energy regulator that seeks to overturn a ruling that could allow bankrupt energy companies to walk away from cleaning up abandoned oil wells. The decision could affect industrial… Read More ➝

November 9, 2017

CALGARY — Tourmaline Oil Corp. (TSX:TOU) says it is cutting its 2018 capital spending budget by half a billion dollars because of persistently low natural gas prices. The Calgary-based oil and gas company says it will dial back production growth to 10… Read More ➝

November 9, 2017

CALGARY — TransCanada Corp. earned $612 million in its latest quarter compared with a loss a year ago. The pipeline company (TSX:TRP) says the profit amounted to 70 cents per share for the quarter ended Sept. 30. That compared with a loss of $135 mill… Read More ➝

November 8, 2017

VANCOUVER — A non-profit group has abandoned a legal challenge of the Trans Mountain pipeline project in British Columbia, saying losing the case could bankrupt the organization. Duff Conacher of Democracy Watch says the advocacy group decided to with… Read More ➝

November 8, 2017

CALGARY — Encana Corp. (TSX:ECA) has no plans to spend more to increase production despite recent world oil price increases linked to unrest in Saudi Arabia, CEO Doug Suttles said Wednesday.  He said the Calgary-based oil and gas company, which has a … Read More ➝

November 8, 2017

OTTAWA — The single biggest element of Canada’s national emissions reduction plan might not be unveiled on time. A year ago, the federal government announced plans to develop a national clean fuels standard to reduce harmful emissions. It was supposed… Read More ➝

November 7, 2017

CALGARY — Natural gas processor and transporter Keyera Corp. (TSX:KEY) saw its profits swing lower in its latest quarterly report released Tuesday after markets closed. The Calgary-based company saw its net earnings fall to $38 million or 20 cents per… Read More ➝